Loans and High Yield

Construction company Salini Impregilo was the second Italian borrower in the high yield market on Monday, as a fortnight of no issuance ended.

Italian gaming operator Sisal on Monday started a roadshow for the all-bond funding of its buyout by CVC Capital Partners, in a high yield market still stunned by the Brexit vote.

Cement producer TCC International Holdings has chosen a group of four lenders to helm its latest $450m outing in the syndicated loan market.

Banks are hoping for opportunities to finance loans arising from a potential spin-off of the communications, media and entertainment (CME) assets of Hong Kong conglomerate Wharf Holdings.

India’s HT Global IT Solutions Holdings took a two-pronged approach to pricing its $300m high yield bond on Thursday as finding the best comparables posed a challenge.

A local government financing vehicle of the Huai’an municipality in China has raised $300m from the bond market, finding decent demand not just from domestic accounts but also from European and global investors.

China Orient Asset Management International has increased the size of its debut syndicated loan to $350m from $200m, after commitments in excess of $800m poured in.

One week after the UK voted to leave the EU, euro leveraged loan market participants said there will be victims, like the Exterion deal, but no fundamental shifts like those seen in 2008.

Tikehau Capital, the French asset manager that specialises in private debt, has raised €510m of new share capital, including from Temasek and the Peugeot family, as it targets opportunities outside Europe.

UK advertisement operator Exterion Media had begun offering term loans earlier in June, but the deal is now off the table as the UK's vote to leave the EU claims a victim in the leveraged finance markets.

China National Chemical Corp met bankers in Hong Kong this week ahead of a $12.7bn fundraising for its acquisition of Swiss biotech firm Syngenta.

The Asian debt market has followed up strongly on Bank of China’s successful $3bn green bond, with five deals launched on Thursday and more expected.